Harbor Capital Advisors Inc. Buys 14,039 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Harbor Capital Advisors Inc. lifted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 515,379 shares of the company's stock after buying an additional 14,039 shares during the period. Harbor Capital Advisors Inc. owned about 0.95% of Par Pacific worth $7,349,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. US Bancorp DE increased its position in shares of Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after purchasing an additional 652 shares during the last quarter. Mariner LLC increased its position in shares of Par Pacific by 7.7% during the 4th quarter. Mariner LLC now owns 15,136 shares of the company's stock worth $248,000 after purchasing an additional 1,086 shares during the last quarter. Legal & General Group Plc increased its position in shares of Par Pacific by 0.8% during the 4th quarter. Legal & General Group Plc now owns 150,322 shares of the company's stock worth $2,464,000 after purchasing an additional 1,156 shares during the last quarter. Bank of Montreal Can raised its stake in Par Pacific by 8.9% in the 4th quarter. Bank of Montreal Can now owns 16,522 shares of the company's stock valued at $271,000 after acquiring an additional 1,351 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Par Pacific by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after acquiring an additional 1,528 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Trading Up 5.7%

Par Pacific stock traded up $1.27 during trading hours on Wednesday, hitting $23.66. The stock had a trading volume of 1,385,390 shares, compared to its average volume of 1,158,001. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 4.59 and a beta of 1.68. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $27.45. The business's 50 day simple moving average is $17.20 and its 200-day simple moving average is $16.35.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.54). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. Par Pacific's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PARR. TD Cowen dropped their price target on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Piper Sandler increased their target price on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. The Goldman Sachs Group downgraded Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research report on Wednesday, May 28th. UBS Group dropped their price objective on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Wall Street Zen downgraded Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.25.

About Par Pacific

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.